C
Eastern Alliance Ins Co
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Weak profitability index (2.7 on a scale of 0 to 10) with operating losses during 2023 and 2024. Vulnerable liquidity (1.0) as a spike in claims may stretch capacity. History of adequate reserve strength (5.7) as reserves have been consistently at an acceptable level.
Other Rating Factors: Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent overall results on stability tests (6.9) despite negative cash flow from operations for 2024. Stability strengths include good operational trends and excellent risk diversification.
Stability Factors: F - Negative cash flow. L - Past results on our liquidity tests.
Principal Lines of Business: Work comp (99.9%)
Licensed in: All states except AK, CA, HI, ID, ND, OR, WA, WY
Principal Investments: Investment grade bonds (79.4%), common stock (1.4%), non investment grade bonds (0.8%), cash (0.3%), other (18.1%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
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Investments in Affiliates
Corporate Info
Group Affiliation
ProAssurance Corporation
Investment Rating
PRA
Company Address
25 Race Avenue
Lancaster, PA 17603
Phone Number
(855) 533-3444
NAIC Number
10724
Largest Affiliates
B
Birmingham, AL - P&C
B
San Francisco, CA - P&C
B
Franklin, TN - P&C
C
Birmingham, AL - P&C
C
Chantilly, VA - P&C